With a 4-unit building, that’s a very high customer concentration.

I highly recommend them.  

Historically this property has cashflowed, but not yielding an annual amount that's really making a high impact towards overall business growth ~12k per year.

Keep in mind that this comes with high turnover, and (often) students who will beat the hell out of the property!

@Nick HulmeMaking improvements to your primary to make it high quality enough to rent above market rents, rent it.

I was relieved to hear you speak highly of his program after reading the posts before yours.

This may kill your cash flow due to high interests rates though. 2.

Just be sure they have a strong plan in place to market your properties quickly and that you thoroughly vet their tenant screening process to ensure minimal vacancy and high-quality tenants.Ultimately, finding the right PM should make your life easier, not harder.

I guess my question is this: is the very low cash flow (due to my low down-payment and high interest) going to improve?

You should find out what percentage of the rent is being paid by S8 and by the tenant.Tenants have to sign the rent increase and some won't because they don't want their payment portion increasing.It's also highly unlikely a S8 office will approve the huge increase from $797 to $1300.- BTW: the $1300 includes all utilities being paid by the landlord.